Matthew LangleyIn its 2021-2023 Strategic Plan, the CBL established a Development Finance Section (DFS) – previously existing as the Financial Sector Development Unit (FSDU), The scope of the DFS includes handling of development projects aimed at supporting the economic development objective of the CBL, including interventions in the real sector, and digitalization.
Development financing is one of the requirements for sustainable economic growth in any economy. Access to finance to various sectors of the economy will promote an inclusive economic growth and development in keeping with the third objective of the CBL as enshrined in the new CBL Act. The primary mandate of the DFS is to formulate and implement various policies and promote innovations of appropriate products and create the enabling environment for financial institutions to deliver services in an effective, efficient and sustainable manner. The functions of the DFS include but are not limited to:
